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In the early part of 2023, sodium stearate prices in Asia faced a downturn due to a drop in the palm oil market, worsened by Indonesia's cut in palm oil export taxes. Despite a brief spike in demand during the festival season in the second quarter, local consumption decreased, causing an oversupply that pushed sodium stearate prices down.
Across Europe, a surplus in supply and sluggish consumer interest in the first quarter caused prices to fall. Traders had to shrink profit margins in the following quarter due to declining prices, heightened imports, and challenging weather conditions, contributing to the decrease in sodium stearate prices.
In North America, price fluctuations in related industries and uncertain Indonesian imports had a negative impact in the initial quarter. However, an export ban on palm oil in the subsequent quarter led to sodium stearate price hikes due to shortages in raw materials, prompting traders to increase their stocks.
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Definition
Sodium stearate is a sodium salt of stearic acid, a saturated long-chain fatty acid. It is a white, waxy, or powdery substance that exhibits amphiphilic properties, making it useful in various applications. Sodium stearate is a surfactant, capable of interacting with both water and oil, allowing it to emulsify and stabilize mixtures. It is a key ingredient in soap production, contributing to lathering and cleansing properties. In addition to its role in soap, it serves as an emulsifier and stabilizer in cosmetics, personal care products, pharmaceuticals, and various industrial processes, enhancing texture, consistency, and stability in a wide range of applications.
Key Details About the Sodium stearate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium stearate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium stearate Price trends, including India Sodium stearate price, USA Sodium stearate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium stearate Price Trend:
Sodium stearate, the sodium derivative of stearic acid, is a highly versatile compound widely employed across diverse industries. Its primary role in soap production involves serving as a surfactant, facilitating the blending of oils and fats with water, resulting in foaming and cleansing properties. In cosmetics and personal care products, it functions as both an emulsifier and stabilizer, ensuring consistent texture. Additionally, in pharmaceuticals, it acts as a crucial binding and compressing agent in the manufacturing of tablets and capsules. Its emulsifying and stabilizing characteristics are instrumental in various industrial processes, including coatings, adhesives, and textile sizing. Furthermore, it plays a significant role in the food industry as an emulsifier and stabilizer, particularly in food additives.
Key Players:
- Kao Corporation
- Lumega Industries
- N&M Specialty Chemicals
- Norac Additives
- Sovereign Chemicals
- Spectrum Chemical Manufacturing Corp
- Tokyo Chemical Industry
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